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from $1,605Studio to 3 Bedroom Apartments Available Now
Palmilla Apartments
51 S Coyle StPensacola, FL 32502
Cheap Apartments for Rent in the Downtown Pensacola Neighborhood of Pensacola, FL from $800 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Pensacola area of Pensacola.
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Rent Specials
from $1,543Studio to 2 Bedroom Apartments Available Now
Southtowne Apartments
101 E Romana StPensacola, FL 32502
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from $9391 to 2 Bedroom Apartments Available Now
Alabaster Gardens - 55+ Community
929 Massachusetts AvePensacola, FL 32505
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from $1,2991 to 2 Bedroom Apartments Available Now
The Overlook at Pensacola Bay
1200 Scenic HwyPensacola, FL 32503
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from $1,1501 to 2 Bedroom Apartments Available Now
Marina Villas
1275 Mahogany Mill RdPensacola, FL 32507
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Showing Results 1-15, Page 1 of 1
Downtown Pensacola, Pensacola, FL Local Guide
How much does it cost to rent an apartment in Downtown Pensacola?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Pensacola Studio Apartments | $1,929 | $1,543 | $2,752 |
| Downtown Pensacola 1 Bedroom Apartments | $1,748 | $939 | $2,788 |
| Downtown Pensacola 2 Bedroom Apartments | $1,909 | $1,124 | $3,595 |
| Downtown Pensacola 3 Bedroom Apartments | $3,473 | $2,700 | $4,850 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Pensacola Neighborhood of Pensacola, FL.
See all Apartments in PensacolaExplore Pensacola
Downtown Pensacola, Pensacola, FL Local Guide
- Nearby Pensacola neighborhoods
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Cheapest Available Downtown Pensacola Apartments for Rent
The cheapest available apartment rental in the Downtown Pensacola area of Pensacola, FL is a 1 Bed unit found at Alabaster Gardens - 55+ Community priced from $939. The Overlook at Pensacola Bay has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,299. Here are the most affordable Downtown Pensacola apartments for rent in Pensacola, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Alabaster Gardens - 55+ Community | One Bedroom | 1BR,1BA | $939 |
| The Overlook at Pensacola Bay | B2 | 2BR,1BA | $1,299 |
| Marina Villas | 2 Bed 2 Bath | 2BR,2BA | $1,300 |
| Savoy Place | Belmont | 2BR,2BA | $1,585 |
| Southtowne Apartments | Caye | 1BR,1BA | $1,749 |
Best Value Apartments for Rent in Downtown Pensacola, FL
As of March 12, 2025 the best value apartment in the Downtown Pensacola area is the $1.38 price per square foot 602 E Gadsden St Model at 602 E Gadsden St in the in the Goulding SE Pensacola neighborhood starting from $1,650. The second greatest value Downtown Pensacola apartment is the Belmont Model at Savoy Place starting at $1,585 with a $1.93 price per square foot in the Goulding SE Pensacola neighborhood. Here is today’s list of the best values for Downtown Pensacola apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 602 E Gadsden St | 602 E Gadsden St | 2BR,1BA | $1.38 |
| Savoy Place | Belmont | 2BR,2BA | $1.93 |
| Marina Villas | 2 Bed 2 Bath | 2BR,2BA | $1.63 |
| Palmilla Apartments | A4 | 1BR,1BA | $3.39 |
| Alabaster Gardens - 55+ Community | One Bedroom | 1BR,1BA | $1.42 |
| Southtowne Apartments | Palm | 1BR,1BA | $2.83 |
| The Overlook at Pensacola Bay | A1 | 1BR,1BA | $2.32 |
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Pet Friendly Lifestyle
Ranked #
Pet Friendliness Lifestyle Score
Getting Around the Downtown Pensacola Neighborhood in Pensacola, FL
Walk Score®
74 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
67 / 100
Bikeable
Some bike infrastructure
Transit Score®
35 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Pensacola Apartments
How much is rent for a Cheap One Bedroom Downtown Pensacola Apartment?
The lowest price for a Cheap One Bedroom Downtown Pensacola Apartment is $939 at Alabaster Gardens - 55+ Community.
What is the lowest price for a Cheap Two Bedroom Downtown Pensacola Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Pensacola is starting from $1,124 at Alabaster Gardens - 55+ Community.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.